Lets take a look at 1inch

5. Juni 2021

Hello guys hope you had a great week. i decided to share my analysis about 1inch, first of all if you take a look at 1 day time frame you see that price has broken the pattern at 19th May with a strong bearish candle,followed by a significant decline from its ex ATH. as you can see it touched 1.8$ for a second and rebounded from fibo 0.5 level. after that it continues to fluctuating between 2.3$ and 3.9$. currently the RSI is near the 50 line which acts as a resistance for it and we should wait until the daily candle close. in short time frame like 4h ,the details are more clearer, the price has been moved on a minor trend line and now it is nearly to its resistance zone with a doji closed candle! it means that bulls and bears are indecision however bears were successful to close the price lower. i wait until the current 4h candle close but personally i think it will be interesting if it will show me a evening star. if so i suppose it will break the minor trend line and touch 3$ or even lower (2.4$). actually i am more bearish about 1inch in short time
wish you success and just in case to know:
NFA